Welcome to our dedicated page for Dxc Technology news (Ticker: DXC), a resource for investors and traders seeking the latest updates and insights on Dxc Technology stock.
Overview of DXC Technology
DXC Technology is a vendor-independent IT services provider specializing in comprehensive and integrated technology solutions. Leveraging decades of industry experience, the company offers a broad portfolio that includes cloud computing, security solutions, IT outsourcing, and modern workplace services. DXC Technology excels in combining deep technical expertise with strategic consulting to help global enterprises optimize critical IT systems and achieve operational excellence. With an extensive legacy rooted in the merger of prominent industry players, DXC continues to deliver services that support the digital transformation initiatives of diverse organizations.
Business Segments and Service Offerings
DXC Technology operates primarily through its two distinct segments: Global Business Services (GBS) and Global Infrastructure Services (GIS). The GIS segment, which is a significant revenue generator, is designed to deliver end-to-end solutions that encompass cloud integration, security frameworks, and IT outsourcing. Meanwhile, the GBS segment focuses on delivering consulting and managed services to address complex business and technology challenges. Using a holistic approach to client engagement, DXC integrates data management, business intelligence, AI, and IoT to extract actionable insights and drive performance improvements.
Industry Partnerships and Technological Innovation
The company is committed to staying at the forefront of technological innovation and strategic alliances. DXC Technology collaborates with industry giants on initiatives that include next-generation AI platforms, secure digital transformation, and intelligent enterprise solutions. These alliances, with partners in cloud, security, and modern workplace transformation, ensure that DXC consistently delivers tailored and scalable solutions for complex business requirements. By standardizing innovative solutions and placing an emphasis on responsible technology integration, DXC advances operational agility and enhanced service delivery for its clients.
Operational Excellence and Global Reach
With a robust global network, DXC Technology operates in multiple regions worldwide, leveraging its extensive talent pool and a diversified partner ecosystem. Its operations are supported by a strong foundation of technical expertise and operational rigor. The company's extensive geographic footprint enables it to cater to the needs of large enterprises and public sector organizations, ensuring that services are both resilient and adaptive to the evolving market landscape. The strategic distribution of its service centers across global regions further reinforces its capability to manage mission-critical systems and IT operations.
Commitment to Client Success and Industry Expertise
DXC Technology has built a reputation for its balanced approach to innovation and operational stability. By focusing on high-value IT solutions and maintaining independence from technology vendors, the company provides unbiased advice and customized services that facilitate digital transformation. Its focus on secure, efficient, and scalable IT infrastructures reflects a deep understanding of the challenges faced by modern enterprises. DXC's comprehensive methodology encompasses strategic consulting, technical modernization, and a commitment to operational excellence, ensuring its customers receive solutions that are timely, effective, and centrally coordinated.
Key Differentiators
- Vendor Independence: DXC Technology’s unbiased approach to IT service delivery ensures that clients receive solutions tailored to their unique requirements without proprietary constraints.
- Integrated Service Model: With synchronized offerings in both Global Business Services and Global Infrastructure Services, DXC provides a seamless, end-to-end technology experience.
- Global Reach and Expertise: Serving a vast array of clients in diverse geographies, the company combines technical depth with local market insights.
- Strategic Partnerships: Its collaborative initiatives with leading technology firms help in deploying innovative, scalable IT solutions for complex operational challenges.
This comprehensive overview underscores the multifaceted nature of DXC Technology and its enduring role in shaping the digital future of global enterprises. The company continues to refine its service portfolio and operational strategies to ensure that businesses can leverage advanced technologies without disruption, thus maintaining operational integrity and competitive relevance in a dynamic market environment.
DXC Technology (NYSE: DXC) has announced it will release its fiscal 2025 third quarter financial results on Tuesday, February 4, 2025, at approximately 4:15 p.m. ET. The company will host a conference call and webcast with senior management at 5:00 p.m. ET on the same day.
For the conference call, domestic callers can dial 888-330-2455, while international callers should use +1-240-789-2717, with passcode 4164760#. A live webcast will be available on DXC's Investor Relations website. A replay will be accessible until February 11, 2025, via 800-770-2030 for domestic callers and +1-647-362-9199 for international callers, using the same passcode. A transcript will be posted on the company's Investor Relations website.
DXC Technology (NYSE: DXC) has announced AI Impact, a new approach combining consulting, engineering, and secure enterprise services to help customers innovate with AI across industries. The initiative focuses on developing practical solutions for real-world challenges and supporting business growth.
The company is implementing AI solutions across multiple sectors:
- In Automotive: AI-powered diagnostic tools for preventive maintenance and personalized vehicle assistants
- In Public Sector: AI agents to improve citizen engagement and streamline public services
- In Financial Services: AI chatbots for enhanced customer service and document analysis
- In Healthcare: AI-powered apps for real-time symptom monitoring and treatment optimization
DXC Technology (NYSE: DXC) has appointed Brad Novak as Chief Information Officer, joining the company's leadership team. Reporting to Chief Administrative Officer James Walker, Novak will focus on leveraging AI throughout DXC operations and lead efforts to integrate, standardize, and consolidate platforms, tools, and processes to enhance workforce productivity and operational efficiency.
Novak brings over 30 years of experience in financial services, with expertise in application development, infrastructure, and service management. His previous role was CTO for the Corporate and Investment Bank at Barclays, where he led technology architecture and strategy. He also has experience in Private Equity and Venture Capital, where he assessed investment opportunities and advised portfolio companies on technology strategies.
DXC Technology (NYSE: DXC) has announced a strategic partnership with UK-based Blackout Technologies to enhance enterprise security and operational efficiency for mobile devices. The collaboration combines DXC's consulting expertise with Blackout's patented security solutions to help organizations protect sensitive data and ensure compliance with regulations like GDPR, MiFID II, and PCI DSS.
The partnership focuses on managing personal smart device functionality during work hours, helping companies prevent data breaches and improve productivity by minimizing distractions. Key applications include restricting unauthorized device use in financial services secure areas and reducing distractions for fleet management drivers operating company vehicles.
DXC Technology and ServiceNow have expanded their strategic partnership by establishing a new Center of Excellence (CoE) focused on accelerating generative AI adoption for businesses. The collaboration combines DXC's industry expertise with ServiceNow's GenAI solutions, particularly Now Assist. DXC has already demonstrated success by implementing Now Assist in its service delivery platform, saving nearly 10,000 hours monthly while serving over 500 clients. The partnership builds on a 15-year collaboration, with DXC holding more than 2,000 ServiceNow certifications and 1,300 accreditations.
DXC Technology has been ranked as the leading Life & Annuity Insurance Technology Provider by Everest Group in their inaugural annual report. The ranking was based on revenues, geographical scope, client base, and value chain coverage. DXC serves over 1,000 insurance customers globally, processing more than 1 billion policies, with 21 of the world's top 25 insurers relying on their solutions. The company provides end-to-end digital solutions that transform insurance processes, enabling market speed and enhanced customer experience through cloud computing, AI implementation, and system security.
DXC Technology (NYSE: DXC) has announced its participation in the J.P. Morgan 2024 Ultimate Services Conference taking place in New York City on November 14, 2024. The company's President and CEO, Raul Fernandez, will deliver a presentation at 10:10 am ET. Investors and interested parties can access a webcast of the fireside chat through DXC's investor webpage in the 'Events and Presentations' section at investors.dxc.com.
DXC Technology reported Q2 FY2025 results with total revenue of $3.24 billion, down 5.7% year-over-year. The company posted diluted EPS of $0.23 and non-GAAP diluted EPS of $0.93, up 32.9%. EBIT margin was 3.4%, while adjusted EBIT margin reached 8.6%. DXC raised its full-year guidance, increasing adjusted EBIT margin range to 7.0-7.5%, non-GAAP diluted EPS to $3.00-$3.25, and free cash flow to approximately $550 million. Global Business Services revenue declined 1.9% to $1.68 billion, while Global Infrastructure Services revenue fell 9.4% to $1.56 billion.
DXC Technology (NYSE: DXC) has appointed James Walker as Chief Administrative Officer, reporting to CFO Rob Del Bene. Walker, with over 30 years of experience in technology and financial services, will oversee global operations and transformation initiatives to drive growth and operational efficiency. His responsibilities include enhancing workforce productivity, ensuring accountability, and leading corporate business services including IT functions. Walker previously served as VP of Economics for IBM Cloud and held senior positions at Bank of America, Morgan Stanley, and Credit Suisse. The company also announced that COO Jim Brady will retire at month's end.
DXC Technology (NYSE: DXC) and Accelya announced a strategic partnership to enhance airline retail operations and system integrations globally. Accelya will utilize DXC's Departure Control Systems (DCS) to power their FLX ONE retailing platform, which processes over 30 billion offers daily. The platform provides airlines with comprehensive IATA Offers, Orders, Settle & Delivery capabilities, enabling personalized customer experiences and efficient operations. DXC will serve as Accelya's preferred systems integrator, leveraging its expertise to accelerate modernization for airlines worldwide.